Large gains for One51

One51 plc, the investment company formerly known as IAWS Co-op has reported in its annual report operating profits of €9.7m for 2006 and expects this figure to double to €20m this year.

One51 owns 25% of NTR and has been acquiring companies in the recycling.

The company also gave a clear signal that a flotation is on the cards for early 2008.

There was €121.9m turnover in 2006, of which €24.7m came from acquisitions made in the course of the year.